Oil & Gas
ExxonMobil Guyana completes purchase of ‘One Guyana’ FPSO ExxonMobil Guyana Ltd has completed the purchase of FPSO ONE GUYANA from SBM Offshore, finalising the transaction ahead of the unit’s maximum lease term, which was due to expire in August 2027. The completion was announced on Tuesday in Amsterdam, with SBM Offshore confirming that ExxonMobil Guyana will now assume ownership of the floating production,...
BUDGET 2026: Massive $119.4 billion allocation for continued ‘overhaul’ of energy sector Continued investments in the Gas-to-Energy project, a major expansion of the power lines and GPL’s overall electricity grid, and more...
BUDGET 2026: With 260 lifts, oil fund closes 2025 at US$3.25BGuyana’s Natural Resource Fund (NRF) recorded inflows of more than US$2.4 billion in 2025, driven by increased crude oil production...
Highly-interested foreign companies told that local content ‘most important factor’ – GO-Invest HeadThere was non-stop interest in the business opportunities that abound in Guyana at the international Offshore Technology Conference (OTC) and...
Guyana, Suriname eye further drilling from oil majors after discoveriesGuyana and Suriname expect continued exploratory drilling over the next two years by oil majors in their joint offshore basin...
GAWU engages Labour Minister on exploitative practices of oil and gas enterprises(STATEMENT BY GUYANA AGRICULTURAL AND GENERAL WORKERS UNION) The Guyana Agricultural and General Workers Union (GAWU) this afternoon (August 18,...
‘Non-stop interest in Guyana’ at Houston oil conference – GYSBI HeadThere has been non-stop interest in Guyana and the emerging business opportunities in the country at the ongoing Offshore Technology...
“Guyana can produce oil and still advocate for zero-carbon economy”- VP JagdeoVice-President Dr. Bharrat Jagdeo firmly holds the position that Guyana can be an oil producing nation and still advocate for...
Guyana seeks higher royalties, revamped terms for new oil contractsGuyana aims to increase its oil royalties and revamp other contract terms as part of a new profit-sharing agreement (PSA)...
GOGEC signs MOUs to promote strategic partnerships, capacity buildingPresident of the Guyana Oil and Gas Energy Chamber (GOGEC), Manniram Prashad on Tuesday signed off on two Memoranda of...
Guyana attending Offshore Technology ConferenceGuyana has officially opened its booth at the Offshore Technology Conference (OTC), which is the largest oil and gas sector...
VP Jagdeo to talk-up Guyana’s energy pursuits, green capacity at int’l oil conferenceVice- President Bharrat Jagdeo is expected to talk-up Guyana’s ambitious energy pursuits while leveraging its green resources at the Offshore...
Guyana’s Standards body to adopt international oil and gas safety standardsGuyana will soon see the adoption of international oil and gas standards with the signing of a Memorandum of Understanding...
West Demerara Shore Base construction to start year end; says will employ hundredsConstruction of the West Demerara Shore Base (WDSB) will begin later this year and will be completed by the end...
Amendments to Petroleum Act paves way for gas-to-shore project, allow ExxonMobil to land fibre optic cableThe government on Monday defeated a series of amendments put forward by Opposition Parliamentarian David Patterson to pass its own...
After seven oil lifts, Guyana’s Natural Resources Fund almost US$400MFollowing its first lift of oil in February 2020, Guyana has now had a total of seven lifts, Minister of...
Amendment to petroleum bill will help gov’t monitor oil production, advance gas-to-energy project – Min. BharratMinister of Natural Resources Vickram Bharrat says that an amendment to the Petroleum (Exploration and Production) Act will facilitate the...
Gov’t aims to cut electricity costs in half by end of 2024 – PresidentPresident Irfaan Ali Monday said the government has commenced investment in the energy sector, aiming for new generation capacity of...
ExxonMobil says gas compressor now fully operationalExxonMobil said Friday that the gas compression system at its Liza Destiny project which experienced difficulties and led to increased...
Real-time monitoring system for FPSOs by year-end – EPA DirectorTo further build its capacity to effectively monitor activities offshore Guyana, the Environmental Protection Agency (EPA) will soon set up...
Gov’t welcomes 21st and 22nd oil discoveriesSee full statement from Minister of Natural Resources Vickram Bharrat: It gives me great pride as the Minister of Natural...
